Sanathan Textiles Limited (SANATHAN)
₹556.65 +1.82% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Sanathan Textiles' revenue was ₹1,335 Cr (+79.2% year on year, +14.2% on the previous quarter), and net profit ₹23.8 Cr (-40.4% year on year); the operating margin was 8.1%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹1,335 | +79.2% | +14.2% |
| Operating profit | ₹108 | +54.4% | +14.5% |
| Net profit | ₹23.8 | -40.4% | +10.4% |
| EPS (₹) | 2.82 | -41.1% | +10.2% |
| Operating margin | 8.1% | — | — |
SANATHAN delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 56.47% of the SANATHAN shares traded on NSE were taken to delivery, against the stock's own 20-session average of 53.37%. That is close to its usual level.
Delivery in the last 5 sessions: 61.9% · 70.9% · 29.0% · 59.6% · 56.5%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
The Board of Directors of Sanathan Textiles Limited has approved the re-appointment of three Independent Directors—Mr. Khurshed Thanawalla, Mr. Debabrata Sarkar, and Mr. Vinay Aggarwal—for a second 5-year term. The new tenure will run from November 22, 2026, to November 21, 2031, subject to shareholder approval. Additionally, Mr. Thanawalla will continue on the board of Sanathan Polycot Private Limited, the company's material subsidiary. As a routine governance reappointment, it does not alter the company's financial profile.
- Re-appointment of 3 Independent Directors approved on October 15, 2026
- Tenure spans a 5-year term from November 22, 2026 to November 21, 2031
- Directors re-appointed: Mr. Khurshed Thanawalla, Mr. Debabrata Sarkar, and Mr. Vinay Aggarwal
- Mr. Thanawalla's continuation approved for material subsidiary Sanathan Polycot Private Limited
Sanathan Textiles Limited announced the voting results and scrutinizer's report for its 21st Annual General Meeting held on September 11, 2026. A total of 5,51,93,558 votes were polled, representing 65.39% of the outstanding shares across 24,865 total shareholders. All five ordinary resolutions, including the adoption of FY26 financial statements, the reappointment of Executive Director Sammir Dattani, and the reappointment of statutory auditor Walker Chandiok & Co LLP, were approved with near 100% majority support.
- All 5 ordinary resolutions passed with requisite majority (>=99.9999% votes in favor)
- Total voter turnout stood at 65.3921% with 5,51,93,558 votes polled out of 8,44,04,059 outstanding shares
- Institutional participation showed 91.9099% turnout (1,13,17,946 votes) voting 100% in favor
- Reappointed Mr. Sammir Dattani as Executive Director and Walker Chandiok & Co LLP as Statutory Auditors
Sanathan Textiles Limited successfully concluded its 21st Annual General Meeting on September 11, 2026. Shareholders approved all agenda items, including the adoption of FY26 standalone and consolidated financial statements and the re-appointment of statutory auditor Walker Chandiok & Co LLP. Company leadership highlighted operational milestones, such as the ramp-up of the greenfield Punjab facility and capacity expansion at Silvassa. All ordinary and special resolutions were passed with the requisite majority.
- 21st Annual General Meeting held and concluded on September 11, 2026, at 05:35 P.M. IST
- Adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2026
- Approval of the re-appointment of statutory auditors M/s. Walker Chandiok & Co LLP
- Re-appointment of Mr. Sammir Dattani (DIN:07060573) as Executive Director approved
- Noted progress on the ramp-up of the Wazirabad, Punjab facility and expanded technical textile capacity at Silvassa
Sanathan Textiles Limited has informed the exchanges regarding its schedule for interactions with analysts and institutional investors on September 16, September 28, and September 30, 2026. The company stated that no Unpublished Price Sensitive Information (UPSI) will be discussed during these sessions. The company reported TTM revenue of ₹4,401 Cr and market cap of ₹4,104 Cr, with discussions restricted to publicly available company information.
- Interactions with analysts and investors scheduled across 3 separate dates in September 2026
- Meeting dates scheduled for September 16, September 28, and September 30, 2026
- Company confirmed that no Unpublished Price Sensitive Information (UPSI) will be discussed
Sanathan Textiles Limited has announced a scheduled interaction with analysts and institutional investors on Wednesday, September 09, 2026. The company confirmed that no Unpublished Price Sensitive Information (UPSI) will be shared during the discussions. The filing is a standard compliance disclosure pursuant to Regulation 30 of SEBI LODR Regulations.
- Analyst/Institutional investor meet scheduled for September 09, 2026
- Filing submitted to BSE and NSE on September 02, 2026
- Company confirmed no Unpublished Price Sensitive Information (UPSI) will be discussed
- Discussions to remain limited to publicly available exchange and website disclosures
Sanathan Textiles Limited has informed the exchanges regarding its scheduled participation in an analyst and institutional investor meeting. Company officials will participate in the Ashwamedh Elara India Dialogue 2026 in person on September 1, 2026. The company confirmed that discussions will rely on publicly available information and no unpublished price-sensitive information (UPSI) will be shared.
- Scheduled meeting at Ashwamedh Elara India Dialogue 2026 on September 01, 2026
- Interaction mode will be In-person with analysts and institutional investors
- Company confirmed no Unpublished Price Sensitive Information (UPSI) will be discussed
Sanathan Textiles Limited has notified exchanges that its officials will interact with analysts and institutional investors on Wednesday, August 26, 2026. The company confirmed that no Unpublished Price Sensitive Information (UPSI) will be discussed during the interaction. The discussions will be restricted to information already in the public domain. This is a routine compliance intimation pursuant to Regulation 30 of SEBI LODR Regulations.
- Analyst and institutional investor interaction scheduled for Wednesday, August 26, 2026
- Intimation filed under Regulation 30 of SEBI (LODR) Regulations, 2015 on August 21, 2026
- Company affirmed no Unpublished Price Sensitive Information (UPSI) will be disclosed
Sanathan Textiles has commenced commercial production from its expanded Technical Textiles yarn manufacturing unit at Silvassa on August 20, 2026. This expansion doubles the company's Technical Textiles yarn capacity from 9,000 MTPA to 18,000 MTPA. Following this commissioning, the group's total installed capacity across all three yarn verticals across Silvassa and Punjab stands at 488,250 MTPA. The expansion aligns with the company's strategy to increase exposure to higher-margin, specialized technical textile applications across defence, automotive, healthcare, and infrastructure.
- Technical Textiles yarn capacity at Silvassa doubled from 9,000 MTPA to 18,000 MTPA
- Total installed yarn capacity across Silvassa and Punjab facilities increases to 488,250 MTPA
- Commercial production commenced on August 20, 2026, in line with the prior July 23, 2026 timeline
- Caters to high-growth specialized sectors including automotive, defence, healthcare, and infrastructure
Sanathan Textiles Limited has issued the notice for its 21st Annual General Meeting (AGM) scheduled for September 11, 2026, via video conferencing, with a cut-off date of September 04, 2026. Key ordinary business items include the adoption of FY26 financial statements and the re-appointment of Executive Director Sammir Dattani (who drew Rs 3.70 crore remuneration in FY26). The company has also proposed re-appointing statutory auditor M/s Walker Chandiok & Co LLP for a second 5-year term at an annual remuneration of Rs 72 lakh, alongside ratifying Rs 1.70 lakh remuneration for cost auditors.
- 21st AGM scheduled for Friday, September 11, 2026, at 4:00 PM IST via VC/OAVM
- Record/Cut-off date for e-voting set for Friday, September 04, 2026
- Proposal to re-appoint statutory auditor Walker Chandiok & Co LLP for a 5-year term at Rs 72 lakh per annum
- Re-appointment of Executive Director Sammir Dattani (holding 0.43% equity; FY26 remuneration of Rs 3.70 crore) retiring by rotation
Sanathan Textiles has scheduled an in-person interaction with analysts and institutional investors on August 13, 2026, at the Emkay Confluence 2026 in Mumbai. The company is currently in a growth phase, having recently commissioned its Punjab facility which doubled group capacity to 700 MT/day. Management is targeting a revenue of ₹6,000 Cr by FY27, nearly double its current TTM revenue of ₹3,066 Cr. No unpublished price sensitive information is expected to be shared during this routine interaction.
- In-person meeting scheduled for August 13, 2026, at Emkay Confluence 2026 in Mumbai
- Company targeting ₹6,000 Cr revenue by FY27, representing ~95% growth over TTM revenue
- Punjab facility (SPPL) commissioned in August 2025 with 700 MT/day capacity
- Aims to improve EBITDA margins toward 12% by FY28 through value-added products
- Current TTM PAT stands at ₹37 Cr on a revenue base of ₹3,066 Cr
Sanathan Textiles reported a 79.08% YoY increase in consolidated revenue to ₹1,334.74 Cr for Q1 FY27, primarily driven by the commissioning of its Punjab facility. While consolidated EBITDA grew 55.38% to ₹108.08 Cr, PAT declined to ₹23.82 Cr from ₹40.43 Cr YoY due to the cessation of interest capitalization and the onset of depreciation for the new plant. The Punjab facility achieved 80% capacity utilization during the quarter, contributing approximately ₹550 Cr to revenue. Additionally, the company has doubled its technical textile capacity at Silvassa to 18,000 MTPA, with commercial production expected shortly.
- Consolidated revenue increased 79.08% YoY to ₹1,334.74 Cr, representing ~43% of TTM revenue in a single quarter.
- Punjab facility reached 80% capacity utilization, contributing ~₹550 Cr in revenue and ₹12 Cr in EBITDA.
- Technical textile capacity at Silvassa doubled from 9,000 MTPA to 18,000 MTPA with imminent commercial production.
- Finance costs surged to ₹38.6 Cr from ₹4.62 Cr YoY as interest is no longer capitalized following plant commissioning.
- Total yarn sales volume reached 1 lakh metric tons, with 54,000 tons from Silvassa and 46,000 tons from Punjab.
Sanathan Textiles has published the audio recording of its earnings call for the quarter ended June 30, 2026. This follows the board's approval of the Q1 FY27 financial results on August 03, 2026. The recording provides management's perspective on the company's progress toward its FY27 revenue target of Rs 6,000 Cr and the ramp-up of its Punjab facility. Investors can access the recording via the company's official investor relations website.
- Earnings call conducted on August 04, 2026, following board approval of results on August 03, 2026
- Company is working toward a revenue target of INR 6,000 Cr by FY27, nearly double the TTM revenue of Rs 3,066 Cr
- Punjab facility (SPPL) commissioned in August 2025 with a capacity of 700 metric tonnes per day
- Management targeting EBITDA margin improvement toward 12% by FY28 from the current TTM OPM of 7.01%
Sanathan Textiles reported a significant 79.1% YoY increase in consolidated revenue to Rs 1,334.7 Cr for Q1 FY27, primarily driven by the ramp-up of its Punjab facility. Consolidated EBITDA grew 55.4% YoY to Rs 108 Cr, although consolidated PAT margins remain compressed at 1.8% due to high finance and startup costs. The company successfully doubled its technical textiles capacity at Silvassa to 18,000 MTPA and stabilized Phase I of its Punjab plant at 700 TPD. Management is now focusing on Phase II expansion in Punjab to reach a total of 950 TPD.
- Consolidated revenue surged 79.1% YoY to Rs 1,334.7 Cr, reflecting the massive scale-up from the new Punjab facility.
- Technical textiles capacity at the Silvassa plant doubled from 9,000 MTPA to 18,000 MTPA with production starting shortly.
- Punjab Phase I (700 TPD) is fully operational; Phase II will add 250 TPD to reach a total of 950 TPD.
- Standalone EBITDA margins improved to 11.7% in Q1 FY27 from 9.3% in Q1 FY26, showing strong core operational efficiency.
- Consolidated PAT stood at Rs 23.8 Cr, a 10.2% growth over the previous quarter (Q4 FY26).
Sanathan Textiles reported a significant 79.08% YoY increase in consolidated revenue to ₹1,334.74 Cr for Q1 FY27, driven by the ramp-up of its Punjab facility. While consolidated EBITDA grew 55.38% YoY to ₹108.08 Cr, consolidated PAT declined by 41.08% YoY to ₹23.82 Cr, reflecting the impact of higher finance costs and depreciation from new capacities. Standalone operations at Silvassa remained strong, with PAT rising 37.64% YoY to ₹64.95 Cr. The company is now focusing on technical textiles expansion and a new project in Madhya Pradesh to reach its ₹6,000 Cr revenue target by FY27.
- Consolidated revenue surged 79.08% YoY to ₹1,334.74 Cr, representing ~43.5% of the previous TTM revenue in a single quarter.
- Consolidated EBITDA increased 55.38% YoY to ₹108.08 Cr, though margins contracted by 123 bps to 8.10%.
- Consolidated PAT fell 41.08% YoY to ₹23.82 Cr, contrasting with a 37.64% YoY growth in standalone PAT to ₹64.95 Cr.
- Standalone EBITDA margins improved significantly by 233 bps YoY to 11.67% due to strategic raw material procurement.
- Punjab facility (SPPL) scale-up is the primary driver for the consolidated top-line growth.
Sanathan Textiles reported a strong Q1 FY27 with net profit rising 37.6% YoY to ₹64.95 Cr. Revenue from operations grew 8.4% to ₹813.13 Cr compared to ₹749.88 Cr in the same quarter last year. The company also confirmed the re-appointment of Walker Chandiok & Co LLP as statutory auditors for a second 5-year term, ensuring audit continuity. These results indicate a positive trajectory following the commissioning of their Punjab facility in August 2025.
- Net profit increased to ₹64.95 Cr in Q1 FY27 from ₹47.19 Cr in Q1 FY26
- Revenue from operations reached ₹813.13 Cr, up 8.4% from ₹749.88 Cr YoY
- Basic EPS improved to ₹7.70 for the quarter vs ₹5.59 in the previous year's corresponding quarter
- Walker Chandiok & Co LLP re-appointed for a consecutive 5-year term as Statutory Auditors
- Total expenses for the quarter stood at ₹742.46 Cr, with finance costs at ₹11.46 Cr
Financial Performance
Revenue Growth by Segment
Standalone operations (Silvassa) grew 3.2% YoY in Q2 FY26 to INR 767.1 Cr; Consolidated revenue grew 10.2% YoY to INR 818 Cr driven by the newly commissioned Punjab plant.
Geographic Revenue Split
Not disclosed in available documents, though operations are concentrated in Silvassa and Punjab.
Profitability Margins
FY25: Gross Margin improved as raw material costs fell faster than sales prices, EBITDA 8.8%, PAT 5.4%. Q2 FY26 Consolidated: EBITDA 7.72%, PAT 2.46% (impacted by startup costs).
EBITDA Margin
8.8% in FY25 (up 110 bps YoY); Q2 FY26 Standalone at 9.28% (up 146 bps YoY).
Capital Expenditure
INR 2,150 Cr total for Punjab facility; INR 1,750 Cr spent prior to FY26, INR 300 Cr in H1 FY26, and INR 75-100 Cr remaining.
Credit Rating & Borrowing
[ICRA]A (Positive) reaffirmed April 2025; finance costs increased 257.5% YoY in Q2 FY26 to INR 18.5 Cr due to new plant debt.
Operational Drivers
Capacity Expansion
Punjab facility (SPPL) commissioned August 2025 with a capacity of 700 metric tonnes per day, doubling the group's total capacity.
Raw Material Costs
Total expenses were INR 2,735.83 Cr in FY25 (91.2% of revenue). In Q2 FY26, consolidated expenses were INR 754.8 Cr (92.3% of revenue).
Manufacturing Efficiency
Silvassa plant operating at full capacity; Punjab plant ramping up to 700 MT/day capacity; inventory turnover ratio improved to 5.75 in FY25 from 5.57.
Logistics & Distribution
Not disclosed as a specific % of revenue, but proximity to consumption centers in Punjab is a strategic advantage for distribution.
Strategic Growth
Expected Growth Rate
38-45%
Growth Strategy
Doubling manufacturing capacity through the Punjab facility (SPPL) to 700 MT/day; focusing on high-margin value-added products for sportswear, intimate wear, and technical textiles; achieving better margins through operational discipline and sustainable fuel (rice husk).
Products & Services
Yarn and textile products for sportswear, intimate wear, furnishings, and technical textiles.
Brand Portfolio
Sanathan Textiles.
New Products/Services
Value-added products for technical textiles and sportswear; expected to drive EBITDA margins toward 12% by FY28.
Market Expansion
Expansion into Northern India via the Punjab plant to be closer to consumption centers; targeting revenue of INR 6,000 Cr by FY27.
External Factors
Industry Trends
Growing demand for sustainable and innovative textiles in sportswear and technical sectors; industry shift toward proximity-based manufacturing to reduce freight costs.
Competitive Moat
Cost leadership through proximity to raw materials and customers; sustainable fuel usage (rice husk); established long-term supplier and customer relationships; diversified product portfolio.
Macro Economic Sensitivity
Indirect exposure to US market demand; sensitivity to raw material price fluctuations (e.g., price drops improved margins in Q2 FY26).
Consumer Behavior
Increasing global buyer expectations for sustainability, performance, and innovation in apparel.
Geopolitical Risks
Indirect impact from US market slowdown affecting customers; trade barriers not specifically mentioned.
Regulatory & Governance
Industry Regulations
Compliance with SEBI Listing Regulations and statutory labor requirements; adherence to global buyer expectations on sustainability.
Environmental Compliance
Not disclosed in absolute INR, but company evaluates ESG risks and uses rice husk fuel for sustainable operations.
Taxation Policy Impact
Effective tax rate of 25.8% in FY25 (INR 56 Cr tax on INR 216.45 Cr PBT).
Risk Analysis
Key Uncertainties
Ramp-up efficiency of the Punjab plant (700 MT/day); impact of startup costs on short-term profitability (50% QoQ PAT drop in Q2 FY26); debt-equity ratio increase (from 0.30 to 0.60).
Geographic Concentration Risk
Operations concentrated in Silvassa (standalone) and Punjab (subsidiary); Punjab plant doubles total capacity.
Third Party Dependencies
Not disclosed as a specific %, but established relationships with suppliers are noted as a strength.
Technology Obsolescence Risk
Mitigated by focus on innovation and technical textiles; deployment of digital tools for appraisals and learning.
Credit & Counterparty Risk
Trade receivable turnover ratio of 21.63 (FY25), indicating high quality of receivables and efficient collection.
